Alteria closes debut India venture debt fund at $140m
Alteria Capital, an Indian venture debt firm established by InnoVen Capital co-founders Ajay Hattangdi and Vinod Murali, has closed its debut fund at INR9.6 billion ($140 million), beating the INR8 billion target.
The majority of the LPs in the fund are domestic, Hattangdi told AVCJ, including IndusInd Bank, the Small Industries Development Bank of India (SIDBI), and the Azim Premji Foundation. Several Indian entrepreneurs...
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